Hanlan Environmental (600323.SH) is forecasting an increase. Net profit for the first three quarters is expected to be 1,385 billion yuan, an increase of 18.82% over the previous year

Zhitong Finance App News, Hanlan Environment (600323.SH) announced that the company expects to achieve net profit of 1,385 million yuan in the first three quarters of 2024, which is an increase of 219 million yuan compared with the same period last year (statutory disclosure data), an increase of about 18.82% over the previous year.

The main reason for the pre-increase in performance: (1) Hanlan (Jining) Solid Waste Disposal Co., Ltd., a wholly-owned subsidiary of the company, confirmed that significant progress has been made in power generation revenue. The current period received electricity costs from November 2020 to August 2024, increasing the company's current net profit by about 120 million yuan. (2) Continued implementation of cost reduction and efficiency measures has achieved good results and maintained high operational efficiency.